Exclusive Sale Law and Legal Definition

Exclusive sale is an agreement between an owner of the property and an intermeddler that the owner will not sell the property to any person other than the person brought by the intermeddler. A person entering into an exclusive agreement cannot sell his/her property to other persons during the period of contract. In real estate business, brokers enters into exclusive sale agreement with property owners and the owner must pay commission to the broker although the owner sells the property to persons other than one brought by the broker.